Bill Text: NY A09177 | 2015-2016 | General Assembly | Introduced

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Bill Title: Amends provisions relating to the management of the Roosevelt Island public benefit corporation; amends provisions relating to the effectiveness thereof; repeals certain provisions relating to not-for-profit grant distribution.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-03-28 - substituted by s6426a [A09177 Detail]

Download: New_York-2015-A09177-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          9177
                   IN ASSEMBLY
                                    February 1, 2016
                                       ___________
        Introduced  by  M.  of  A.  SEAWRIGHT  --  read once and referred to the
          Committee on Corporations, Authorities and Commissions
        AN ACT to amend chapter 899  of  the  laws  of  1984,  relating  to  the
          creation  of  a  public benefit corporation to plan, develop, operate,
          maintain and manage Roosevelt Island, relating to  the  management  of
          such corporation, in relation to not-for-profit grant distribution; to
          amend  a chapter of the laws of 2015, amending chapter 899 of the laws
          of 1984 relating to the creation of a public  benefit  corporation  to
          plan, develop, operate, maintain and manage Roosevelt Island, relating
          to  the  management  of  such  corporation, as proposed in legislative
          bills numbers S.5813-B and A.7974-B, in relation to the  effectiveness
          thereof;  and  to  repeal  section 3 of a chapter of the laws of 2015,
          amending the public authorities law, relating to the management of the
          Roosevelt Island operating corporation,  as  proposed  in  legislative
          bills  numbers  S.5813-B and A.7974-B relating to not-for-profit grant
          distribution
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Section 4-a of chapter 899 of the laws of 1984, relating to
     2  the  creation of a public benefit corporation to plan, develop, operate,
     3  maintain and manage Roosevelt Island, as added by a chapter of the  laws
     4  of  2015,  amending  chapter  899  of  the  laws of 1984 relating to the
     5  creation of a public benefit  corporation  to  plan,  develop,  operate,
     6  maintain and manage Roosevelt Island, relating to the management of such
     7  corporation,  as  proposed  in  legislative  bills  numbers S.5813-B and
     8  A.7974-B, is amended to read as follows:
     9    § 4-a.  Not-for-profit  grant  distribution.  1.  The  corporation  is
    10  authorized  to  provide  financial  assistance  in the form of grants to
    11  not-for-profit corporations  [or  governmental  agencies]  that  provide
    12  direct  services  or  benefits to the residents of Roosevelt Island, the
    13  totality of such grants not to exceed 3%  per  annum  of  the  operating
    14  budget  of  the  corporation, and upon the approval of a majority of the
    15  entire board of the corporation.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11372-17-6